Latest Bitcoin price and analysis (BTC to USD)

Latest Bitcoin price and analysis (BTC to USD)

Bitcoin remains in a bullish pattern moving into the typically low volume weekend as it continues to test the $10,000 level of resistance.

The world’s largest cryptocurrency, which now has a market cap of $176 billion, is currently consolidating at around $9,600 after surging by 11.18% since Monday’s halving.

Miners now receive 6.25BTC per block as opposed to 12.5BTC and while it might not have an immediate impact on price action, it is considered bullish from a macro perspective due to a lack of new supply.

Nicholas Pelecanos, Head of Trading at NEM Ventures, revealed that he expects increased volatility over the coming weeks due to miner fundamentals.

“In the event of a bull run, I would be looking for a move above $9,800. Long term, I’m extremely bullish on price, and in my opinion the fundamentals have never been stronger. Regardless of whether a sell off occurs, I believe once we cross this level, the trajectory is high.” He said.

A correction from here back below $9,000 would increase the bearish potential of a further pull back as it would mark a double top at $10,000.

However, the recent golden cross on the daily chart, as noted in this week’s Coin Rivet analysis, should provide momentum for a swift move back towards the psychological level of $10,000.

With the 50 exponential moving average moving above the 200 EMA for the first time since January Bitcoin could well make a charge for a new yearly high above $10,500 as fears around the coronavirus pandemic begin to subside.

For more news, guides and cryptocurrency analysis, click here.

Current live BTC pricing information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest Bitcoin price. Pricing is also available in a range of different currency equivalents:

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British Pound Sterling – BTCtoGBP

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Russian Rouble – BTCtoRUB

In August 2008, the domain name bitcoin.org was registered. On 31st October 2008, a paper was published called “Bitcoin: A Peer-to-Peer Electronic Cash System”. This was authored by Satoshi Nakamoto, the inventor of Bitcoin. To date, no one knows who this person, or people, are.

The paper outlined a method of using a P2P network for electronic transactions without “relying on trust”. On January 3 2009, the Bitcoin network came into existence. Nakamoto mined block number “0” (or the “genesis block”), which had a reward of 50 Bitcoins.

If you want to find out more information about Bitcoin or cryptocurrencies in general, then use the search box at the top of this page. Here’s an article to get you started.

As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not.

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice.

Source: coinrivet.com

Author: Oliver Knight

May 15, 2020


Bitcoin, Ripple & Tezos - American Wrap

Bitcoin, Ripple & Tezos – American Wrap

Bitcoin price has gained over 6% on a day-to-day basis and 4% since the start of Thursday. The first digital coin hit the intraday high of $9,944 and retreated t0 $9,720 by the time of writing. The further recovery is capped psychological $10,000, which is still a hard nut to crack for Bitcoin bulls. This barrier prevents BTC from moving towards $10 500. Once it is cleared, the recovery may start snowballing.

While the short-term momentum remains bullish, the RSI on the intraday charts has shown signs of reversal, which means, the coin may stay range-bound in the nearest future. 

1_49.png

Ripple’s XRP is in good shape to replace Swift as an international payment network, according to the Ripple founder Chris Larsen. Speaking in the interview on the Block Stars podcast, he said that banks were unlikely to use Bitcoin’s proof-of-work system for validating transactions. To prove the point, he underlined that banks may be wary of the risks of 51% attack, in which a miner or a group of miners can gain control over more than 50% of the network hash rate and manipulate the entries in the ledger.

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Tezos has had better days and today XTZ has broken some key technical levels. The price has now made a lower high wave on the 4-hour chart below and the support zone of 2.61 has also been taken out and subsequently used as resistance. 

The Fibonacci extension target at the 161.8% area has been hit perfectly and now the price has retraced back to the aforementioned resistance zone. Moving forward if this is to be the 3rd wave in the Elliott Wave series then a break of 2.23 is on the cards.

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© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Source: www.benzinga.com

Author: FXStreet

 

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This Minor Cryptocurrency Is On Track To Smash Bitcoin In 2020

This Minor Cryptocurrency Is On Track To Smash Bitcoin In 2020

Bitcoin has outperformed most other assets so far this year and is on course to be one of the best bets of 2020.

The bitcoin price, after plummeting in March amid a wider coronavirus-induced sell-off, is up around 30% so far this year.

However, one minor cryptocurrency has almost doubled in price since January—with many expecting it to climb yet further.

MORE FROM FORBESBitcoin Has Halved-What Now?By Billy Bambrough

Bitcoin has increased its domination of the cryptocurrency market in recent months though some … [+] smaller cryptocurrencies are still making massive gains–ahead of even the bitcoin price rally.

Tezos, trading as XTZ, has risen by 85% since the beginning of the year, adding to gains made last year and giving tezos a market capitalization of almost $1.8 billion.

At the beginning of the year, tezos was the 15th most valuable cryptocurrency by market capitalization, according to CoinMarketCap data, but has now broken into the top ten—and could move quickly past some rivals if its run continues.

What future awaits cryptocurrencies?
GOODBAD

“Tezos seems to be one of the most popular platforms for new projects to build on at the moment,” said Mati Greenspan, the founder of market analysis firm Quantum Economics, who holds some tezos.

“Several projects that I’m currently advising are using it. As well, the tokenomics are structured in a way that a lot of the incoming supply are diverted to staking and taken off the market.”

Tezos, which styles itself as a “self-amending cryptographic ledger” and uses the so-called proof-of-stake consensus model, has emerged as a favourite blockchain and cryptocurrency for tokenized real-estate and security tokens.

Since bitcoin’s closely-watched supply squeeze this week, some have suggested those that maintain the bitcoin network, known as miners, might switch their computing power to other cryptocurrencies—potentially giving them a boost.

However, tezos, which uses proof-of-stake instead of bitcoin’s proof-of-work, cannot be mined like bitcoin.

Proof-of-stake blockchains are generally thought to be more scalable and less resource-intensive as they don’t require miners to solve complex mathematical problems in order to create the next bloc.

They also incentivize tokenholder participation in network security.

Tezos holders, if their funds are stored in certain wallets, can “stake” their XTZ and receive additional tokens as a reward for creating and verifying new blocks in the chain.

MORE FROM FORBESHas The Coronavirus Pandemic Sealed The Dollar’s Fate?By Billy Bambrough

The tezos price is up some 40% over the last 12 months, outpacing bitcoin’s rally.

“Tezos is not a proof-of-work based coin, so it can’t be mined,” said Joe DiPasquale, chief executive of hedge fund manager BitBull Capital.

“However, it is one of the more promising projects to come out of the initial coin offering-era, which gives it an edge in times such as these, when the bitcoin price appreciates and lifts the market for a select-few, quality projects.”

Tezos has benefited from various platforms supporting the ability to “stake” tezos tokens over recent months, according to DiPasquale, who pointed to the U.S. division of major bitcoin and crypto exchange Binance, “which is also a positive driver for price.”

The tezos rally, which began in November last year, has also been pushed on by major partnerships with the financial world and the so-called Tezos Foundation’s Faucet, that awards users up to 0.01 XTZ every 12 hours.

Source: www.forbes.com

Author: Billy Bambrough


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